An International Monetary Fund (IMF) mission, headed by Jeffrey Franks, will be in Bucharest between July 26 and August 4 for the fifth review of the stand-by agreement Romania has signed with the fund. An European Commission review mission will also be visiting Romania during this period.

FanFest, a festival which aims at promoting Rosia Montana as a tourist destination and increase visibility for the Save the Rosia Montana campaign will take place between August 13 and 15 this year in the Transylvania village.

Seven European banks, most of which coming from Spain, have failed the European union's stress test whose results were published on Friday. One of the banks that has failed the test, Greek ATE Bank, is also active in Romania. The seventh bank is the German Hypo Real Estate bank.

The level of ultraviolet radiations will be at a high during this week-end on the Romanian sea side, so stay out of sun during peak hours. Meteorologists have issued a red warning for UV levels for this week-end.

Seven European banks, most of which coming from Spain, have failed the European union's stress test whose results were published on Friday. One of the banks that has failed the test, Greek ATE Bank, is also active in Romania. The seventh bank is the German Hypo Real Estate bank.

Romanian media, New round of talks with IMF starts from 0.5% GDP decline scenario in 2011 – in Ziarul Financiar, Romanian shops no longer give fiscal receipts to make food cheaper– in Ziarul Financiar, iFond brings FP shares to the Stock Exchange sooner – in Ziarul Financiar, Four banks have 33 million euros to recoup from insolvent Impact – in Ziarul Financiar, 100 wind project have contracts with Transelectrica – in Ziarul Financiar,

Marius Hagger, general manager of media company Ringier Romania, will leave his position in Romania at the beginning of next year. He will be then joining the NZZ media group in Switzerland. Hagger has been working for Ringier in Romania since March 2008 as the general manager for the Romanian subsidiary. Ringier is yet to announce who will take his seat.

Foreign direct investments in Romania went down in May this year by 31.5 percent compared to the same month of 2009, according to the Foreign Investments Direction within the Romanian Center for the Promotion of Trade and Investments. It had been worse at the beginning of the year, when the FDI drop was of 73 percent, but investments increased during March, where the drop was of only 48 percent.

The Medieval Festival in Sighisoara, which started on Friday, July 23, and will last until Sunday, July 25, will host the first reunion in Romania of 13 Knight orders from the country and abroad. The event is organized under the slogan “Return of the Knights”.

The International Monetary Fund and the European Commission have agreed with the first nine foreign banks in Romania over an exposure rate of 95 percent of the level in March 2009. IMF, Eu and banks' representatives met yesterday in Brussels, together with Romanian Central Bank (BNR) and Finance Ministry representatives from Romania.

An International Monetary Fund (IMF) mission, headed by Jeffrey Franks, will be in Bucharest between July 26 and August 4 for the fifth review of the stand-by agreement Romania has signed with the fund. An European Commission review mission will also be visiting Romania during this period.

FanFest, a festival which aims at promoting Rosia Montana as a tourist destination and increase visibility for the Save the Rosia Montana campaign will take place between August 13 and 15 this year in the Transylvania village.

Seven European banks, most of which coming from Spain, have failed the European union's stress test whose results were published on Friday. One of the banks that has failed the test, Greek ATE Bank, is also active in Romania. The seventh bank is the German Hypo Real Estate bank.

The level of ultraviolet radiations will be at a high during this week-end on the Romanian sea side, so stay out of sun during peak hours. Meteorologists have issued a red warning for UV levels for this week-end.

Seven European banks, most of which coming from Spain, have failed the European union's stress test whose results were published on Friday. One of the banks that has failed the test, Greek ATE Bank, is also active in Romania. The seventh bank is the German Hypo Real Estate bank.

Romanian media, New round of talks with IMF starts from 0.5% GDP decline scenario in 2011 – in Ziarul Financiar, Romanian shops no longer give fiscal receipts to make food cheaper– in Ziarul Financiar, iFond brings FP shares to the Stock Exchange sooner – in Ziarul Financiar, Four banks have 33 million euros to recoup from insolvent Impact – in Ziarul Financiar, 100 wind project have contracts with Transelectrica – in Ziarul Financiar,

Marius Hagger, general manager of media company Ringier Romania, will leave his position in Romania at the beginning of next year. He will be then joining the NZZ media group in Switzerland. Hagger has been working for Ringier in Romania since March 2008 as the general manager for the Romanian subsidiary. Ringier is yet to announce who will take his seat.

Foreign direct investments in Romania went down in May this year by 31.5 percent compared to the same month of 2009, according to the Foreign Investments Direction within the Romanian Center for the Promotion of Trade and Investments. It had been worse at the beginning of the year, when the FDI drop was of 73 percent, but investments increased during March, where the drop was of only 48 percent.

The Medieval Festival in Sighisoara, which started on Friday, July 23, and will last until Sunday, July 25, will host the first reunion in Romania of 13 Knight orders from the country and abroad. The event is organized under the slogan “Return of the Knights”.

The International Monetary Fund and the European Commission have agreed with the first nine foreign banks in Romania over an exposure rate of 95 percent of the level in March 2009. IMF, Eu and banks' representatives met yesterday in Brussels, together with Romanian Central Bank (BNR) and Finance Ministry representatives from Romania.